Pitney Bowes Announces 2022 Pricing for Ecommerce Services With No Delivery Area or Residential Surcharges

Rhea-AI Summary

Pitney Bowes (NYSE: PBI) announced a 5.9% general rate increase (GRI) for its ecommerce services, effective January 2, 2022. This increase applies to standard delivery, returns, and cross-border delivery services, emphasizing the company's commitment to clear pricing without hidden fees. The early announcement aims to help clients plan their logistics spending. Despite rising costs, Pitney Bowes has maintained competitive pricing and continues to enhance its global logistics capabilities through investments in technology and infrastructure.

Positive

• 5.9% general rate increase for ecommerce services, effective January 2, 2022.
• Pricing structure emphasizes simplicity and transparency with no hidden fees.
• Early pricing announcement helps clients plan logistics expenses.
• Competitively maintained prices amid rising labor and transportation costs.

Negative

• None.

 

STAMFORD, Conn.--(BUSINESS WIRE)--

Pitney Bowes (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced a 5.9% general rate increase (GRI) for ecommerce services, as described below, effective January 2, 2022. The pricing program continues the company’s commitment to providing ecommerce shippers with simple, easy to understand rates and services.

The 5.9% GRI applies to the following services:

• Standard Delivery of parcels weighing 1 pound or more through the Pitney Bowes US domestic network
• Standard Returns through the Pitney Bowes US domestic network
• Cross-Border Delivery to 207 countries and territories with bundled quoting and compliance services

Pitney Bowes pricing includes simple, easy to understand rates when compared to all major providers, with no surprise fees, including no delivery area or residential surcharges.

“At Pitney Bowes we pride ourselves on keeping our ecommerce pricing simple, straightforward and easy to forecast. It’s one of the commitments that make us unique in the marketplace,” said Patrick Allard, Chief Revenue Officer, Global Ecommerce, Pitney Bowes. “We’re announcing our 2022 pricing earlier than ever to put our clients in the best position to anticipate and plan for their logistics spending in 2022.”

Pitney Bowes has been able to maintain competitive prices despite rising labor and transportation costs across the industry and while managing for the impact of COVID-19. The company continues to advance its global logistics services and capacity, investing in enhanced tracking, robotics, automation, new facilities, and an expanded owned transportation fleet.

About Pitney Bowes:
Pitney Bowes (NYSE:PBI) is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Small business, retail, enterprise, and government clients around the world rely on Pitney Bowes to remove the complexity of sending mail and parcels. For additional information, visit Pitney Bowes at www.pitneybowes.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211101005160/en/

Media:

Pitney Bowes – Brett Cody, brett.cody@pb.com; (203) 218 1187

Source: Pitney Bowes Inc.